MAIN SOCIAL RESPONSIBILITIES OF BUSINESS TO SOCIETY

According to Henry Ford, the economic objective of business is no doubt to earn maximum profit but this philosophy is undergoing a change as the years pass. The business is now required to produce more and more quality goods for more and more people and at lower and lower prices. In addition to this the business has to shoulder the social responsibilities.

For human betterment the bussiness is to be organized in such a way that it also leads to human betterment. Thus self interset of earning profit and promotion of human will being should go together in business. The main obligations of business in brief are"